When it comes to crypto assets, I lean skeptical but I hold that opinion loosely - since I won’t be investing in them I don’t have sufficient motivation to spend time learning more. I’m a CPA so I have some professional interest in it as a financial instrument. On the other hand, I have basically zero understanding of the technology. In any case, Stephen Diehl has written some good, skeptical commentary. I find this argument particularly compelling:

If there is any innovation in crypto assets it’s not in software engineering, but in financial engineering. We’ve created a new financial product like an option contract on a startup potentially building something real, but in case they don’t you can always exercise it early by simply dumping the stock on the public to cash out completely untethered to the company’s success. You don’t need to file a S-1 or have a coherent prospectus about attracting customers or business or revenue. Hell, the company doesn’t even have to have a business model at all, and in fact the best performing crypto assets are the ones that literally don’t do anything at all. They just need to tell a good story.